Junior Quantitative Trader

TransMarket Group L.L.C.; Chicago (IL); Hybrid; USD 60,000 - 120,000; Full time

Benefits offered by this job

Profit sharing

Full-time benefits

Job summary

TransMarket Group L.L.C. in Chicago seeks a Junior Trader to gain real-time trading exposure, develop quantitative skills, and grow through our structured education program.

You will collaborate with Senior Traders to learn relative value fundamentals, build models, and execute semi-automated trades in a fast-paced, disciplined environment on-site. Ideal candidates are mathematically inclined with coursework in differential equations and statistics, active in markets, and graduating between

Qualifications

• Bachelor’s, Master’s, or Doctorate in a technical field such as mathematics, statistics or mathematical finance with graduation between Dec 2026 and Spring 2027.
• Required coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability or Advanced Statistics
• Minimum major GPA of 3.5/4 or equivalent
• Proficiency in Python; some experience with C++ and other languages preferred

Responsibilities

• Partner with Senior Traders to assist in and learn all facets of trading
• Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
• Build and maintain quantitative model tools and analytics
• Manage real-time execution of semi-automated trading system
• Learn and analyze real-time trades
• Research and improve upon trading strategies

Skills

Python

C++

Mathematics

Statistics

Education

Bachelor’s degree

Master’s degree

Doctorate degree

Job description

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. At TransMarket Group, you will be called on to work with teammates to eliminate inefficiencies and manage risk in the world’s financial markets.

As a Junior Trader, you will gain early exposure to real time trading in order to develop situational awareness and a deep understanding of the market. In collaboration with Senior Traders and development through our formalized education program, you will have the scope to utilize risk management and strategic thinking skills to guide trades and explore new trading opportunities. The ideal candidate is intellectually curious, strives for continual improvement, has a disciplined appetite for risk, and is dedicated to mastering their market.

Responsibilities

• Partner with Senior Traders to assist in and learn all facets of trading
• Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
• Build and maintain quantitative model tools and analytics
• Manage real-time execution of semi-automated trading system
• Learn and analyze real-time trades
• Research and improve upon trading strategies

Requirements

• Bachelor’s, Master’s, or Doctorate degree in a technical or industry related field such as, but not limited to, mathematics, statistics or mathematical finance with a graduation date between December 2026 and Spring 2027
• Required coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability or Advanced Statistics
• Minimum major GPA of 3.5/4 or equivalent scale
• Proficiency in Python required and some experience with C++ and other computer programming languages preferred
• Demonstrated passion for markets, finance, and trading such as, but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
• Deep understanding of finance, math, and statistics
• Attention to detail and the ability to make sound judgments under pressure
• Strong work ethic and willingness to do what it takes to get the job done
• Ability to work in a fast paced and collaborative environment
• This position requires physical presence and is onsite at our office in Chicago, IL

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.